The Red Book is known for what key information?

The Red Book is primarily recognized for its comprehensive information on drug pricing, including average wholesale prices (AWP), wholesale acquisition cost (WAC), and suggested retail prices for various medications. This resource is essential for pharmacy technicians who need to be informed about the costs associated with pharmaceuticals, which aids in inventory management and billing processes.

Understanding drug pricing is crucial in a pharmacy setting because it influences how medications are billed to patients and insurance companies. Accurate pricing information helps ensure that the pharmacy remains compliant with legal and financial regulations while also allowing pharmacists and technicians to provide cost-effective options for patients. This focus on pricing distinguishes the Red Book from other resources that concentrate on drug interactions, approval processes, or clinical guidelines.